fbpx 54318-001: Krsnaa COVID-19 Diagnostic Services Project | Asian Development Bank

India: Krsnaa COVID-19 Diagnostic Services Project

Nonsovereign (Private) Project | 54318-001 Status: Approved

Up to INR400 million from ADB's Ordinary Capital Resources for a secured, non-convertible debenture (NCD) to scale up Krsnaa's coronavirus disease (COVID-19) screening and detection capacity during the COVID-19 pandemic. The project will help (i) purchase reverse transcription polymerase chain reaction (RT-PCR) machines, (ii) purchase test kits and other materials for COVID-19 RT-PCR testing, (iii) purchase computed radiography systems for digital x-ray imaging, (iv) purchase personal protective equipment (PPE), (v) purchase basic hygiene products, (vi) train personnel in infection prevention and control, and (vii) provide general working capital.

Project Details

Project Officer
Tan, Amanda L. M. Private Sector Operations Department Request for information
Country
  • India
Sector
  • Health
 
Project Name Krsnaa COVID-19 Diagnostic Services Project
Project Number 54318-001
Borrower/Company Krsnaa Diagnostics Private Limited
Country India
Location Nation-wide
Type or Modality of Assistance
4027 Loan Ordinary capital resources INR 400.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Health / Health system development

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Tan, Amanda L. M.
Project Sponsor(s)
Description Up to INR400 million from ADB's Ordinary Capital Resources for a secured, non-convertible debenture (NCD) to scale up Krsnaa's coronavirus disease (COVID-19) screening and detection capacity during the COVID-19 pandemic. The project will help (i) purchase reverse transcription polymerase chain reaction (RT-PCR) machines, (ii) purchase test kits and other materials for COVID-19 RT-PCR testing, (iii) purchase computed radiography systems for digital x-ray imaging, (iv) purchase personal protective equipment (PPE), (v) purchase basic hygiene products, (vi) train personnel in infection prevention and control, and (vii) provide general working capital.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 13 Aug 2020
Credit Committee Meeting 23 Nov 2020
Approval 04 Dec 2020
Last PDS Update 07 Dec 2020

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
Krsnaa COVID-19 Diagnostic Services Project: FAST Report Faster Approach to Small Nonsovereign Transactions Dec 2020
Krsnaa COVID-19 Diagnostic Services Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Sep 2020

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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